Market Outlook Commentary – 13 March 2019

It was forecast that PM May would lose the vote, and so she did – the UK will probably ask for an extension when the deadline reaches the end of the month. This is surely going to frustrate the people of Britain, and the scenarios of “no Brexit” or “no deal” are fast becoming the probable outcomes now.

Market Outlook Commentary – 28 January 2019

Friday was not a good day for the dollar, there was some initial optimism when news started filtering through that the Trump would open the government. Then the massive US dollar selling started selling off, this was on various factors such as the government will only open for 3 weeks and that there is pessimism around a lasting deal. Roger Stone was arrested which brings the Mueller investigation closer to the White House.

Market Outlook Commentary – 29 January 2019

Despite reports that Northern Ireland would be willing to come to some agreement around the border, we heard that the Republic of Ireland would not accept any changes to an agreement – I am not certain that they have much of a say, but it does illustrate the problems that still persist. On a good note, it was reported that privately PM May has told cabinet that she is ready to rule out “no-vote” and in so doing will put the ball firmly in Labours court.

Market Insight Commentary – 06 August 2018

The much anticipated NFP were a bit of damp squid if you ask me, they were pretty close to estimates although there was some downward revision on wage data. The initial reaction was for the dollar to weaken slightly before rebounding into the close. The tariff report out of China didn’t have much effect, it did send equities lower at first but you get the impression that the market is fairly confident that a trade war is not coming – this despite US and Chinese officials refusing to engage in discussions.

Market Insight Commentary – 08 May 2018

The market is being dominated by the situation around Iran, and the question on everyone’s lips is whether Trump will withdrawal from the Iran Nuclear deal or not, this of course has been the catalyst for the 10% move in oil. The take away from this massive decision is that more sanctions will be placed on Iran and with it reduced oil supply. Trump has put himself on the calendar this morning and I am sure it will be some announcement on this.

Market Insight Commentary – 22 June 2018

The EURUSD spent the morning session moving a lot lower, the pair traded to as low as 1.1510 but some pretty weak US news flow aided the EUR to bounce off that key support level and traded to as high as 1.1615. Near term resistance at 1.1630 kept the pair in check and this will be a massive level this morning, a sustained push above 1.1615 is key for the buyers while the sellers will need price to get below 1.1585.

Market Outlook Commentary – 09 January 2019

The market continues to wait for some feedback out of Beijing which looks to be going through the evening. The market will continue to the US economic situation and the impact that a long-standing government shut down can have. We also have an address from Donald Trump regarding this issue, coupled with border security.

Market Insight Commentary – 04 December 2018

The tone yesterday was a little more upbeat after weekend headlines suggested that there will be a ceasefire between the US and China on trade. I am less than convinced that we will see any deal come through, the statements were very different in that the US was very detailed with action points while the Chinese reports barely scratched the surface and was very “wishy washy”. I am still of the opinion that the Chinese are merely trying to delay anything and that this tactic won’t work, there is either going to be massive concessions on their behalf or I can see the US pushing ahead with tariffs.

Market Outlook Commentary – 13 February 2019

Yesterday was all about the “love” Donald Trump was showing the market, his comments that the US would make “great deals on trade” and that “we don’t want China to have a hard time” were well received leading into talks with China next week.

Market Outlook Commentary – 14 June 2019

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